Purple Innovation, Inc.

Listed Company

PRPLCIK 0001643953NasdaqNon-AcceleratedSmaller ReportingHousehold FurnitureDelawareFY ends Dec 31

Period

FY 2025

Revenue

$468.73M

Net Income

$-51.40M

Total Assets

$296.26M

Equity

$-29.69M

Shares Out

15.99M

Op. Cash Flow

$-33.83M

PRPL$0.30−54.35% · past yearDBEQ Basic

Daily closing prices

Business

Purple Innovation, Inc. designs, manufactures and sells innovative comfort products, including mattresses, pillows, cushions, bases, sheets and related bedding accessories, built on proprietary Hyper-Elastic Polymer gel technology. The company sells through a balanced omni-channel model: direct-to-consumer (e-commerce, 55 showrooms, customer contact center, online marketplaces) and wholesale (national and regional retailers including Mattress Firm, Ashley Furniture and Costco). Purple operates vertically integrated manufacturing, R&D and proprietary molding machinery; the company acquired Intellibed in 2022 to secure exclusive rights to all Hyper-Elastic Polymer technologies and expand into the luxury segment with three collections: Essentials, Restore and Rejuvenate.

Summary from 10-K filed 2026-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-03-31	FY 2022 2022-12-31
Revenues, net	469	488	511	—	573
Total cost of revenues	280	307	339	—	365
Gross profit	189	181	172	—	208
Marketing and sales	147	171	182	—	165
General and administrative	64	69	84	—	77
Research and development	10	13	12	—	9
Restructuring, impairment and other related charges	11	20	—	—	—
Loss on impairment of goodwill	—	—	7	—	—
Total operating expenses	232	273	286	—	251
Operating loss	−43	−92	−114	—	−43
Interest expense	−29	−18	−2	—	−4
Other income (expense), net	3	12	−1	—	423,000
Loss on extinguishment of debt	—	−3	−4	—	—
Change in fair value warrant liabilities	17	4	—	—	4
Total other (expense) income, net	−8	−6	−7	—	163
Net (loss) income before income taxes	−51	−98	−121	—	120
Income tax expense	−207,000	−63,000	−8,000	−8,000	213
Net loss	−52	−98	−121	—	−93
Net loss attributable to noncontrolling interest	−97,000	−201,000	−458,000	—	−253,000
Net loss attributable to Purple Innovation, Inc.	−51	−98	−121	—	−92
Basic (in Dollars per share)	−0.48	−0.91	−1.17	—	−1.13
Diluted (in Dollars per share)	−0.48	−0.91	−1.17	—	−1.13
Basic (in Shares)	108	107	104	—	82
Diluted (in Shares)	108	107	104	—	82

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	24	29	27	42	92
Accounts receivable, net	41	33	38	35	25
Inventories	60	57	67	73	99
Prepaid expenses	5	6	9	8	8
Other current assets	6	1	2	4	6
Total current assets	137	126	142	161	230
Property and equipment, net	78	94	129	137	113
Operating lease right-of-use assets	67	76	96	103	68
Intangible assets, net	6	9	22	26	13
Other long-term assets	8	3	2	2	1
Total assets	296	308	391	433	642
Accounts payable	40	41	50	46	80
Accrued compensation	8	9	5	7	9
Customer prepayments	5	6	6	—	—
Accrued rebates and allowances	13	10	13	10	—
Accrued warranty liabilities current portion	7	6	10	—	—
Operating lease obligations current portion	17	16	15	14	7
Other current liabilities	10	13	12	18	13
Total current liabilities	102	101	111	98	142
Related party debt	111	55	—	—	—
Accrued warranty liabilities, net of current portion	20	26	26	—	—
Operating lease obligations, net of current portion	76	87	109	116	81
Warrant liabilities	16	16	—	—	—
Other long-term liabilities	2	2	2	19	12
Total liabilities	326	288	275	258	496
Commitments and contingencies (Note 13)	—	—	—	—	—
Additional paid-in capital	596	594	591	529	—
Accumulated deficit	−625	−574	−476	−355	−262
Total stockholders equity (deficit) attributable to Purple Innovation, Inc.	−30	20	115	174	146
Noncontrolling interest	18,000	11,000	185,000	908,000	768,000
Total stockholders equity (deficit)	−30	20	116	175	146
Total liabilities and stockholders equity (deficit)	296	308	391	433	642

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	24	35	25	17	9
Non-cash interest	13	7	1	1	517,000
Paid-in-kind interest	16	10	—	—	—
Non-cash restructuring, impairment and other related charges	4	20	—	—	—
Loss on disposal of property and equipment	318,000	770,000	2	620,000	—
Stock-based compensation	2	3	5	3	3
Accounts receivable	−8	5	−4	−4	4
Inventories	−3	6	6	29	−33
Prepaid expenses and other assets	3	2	2	2	2
Operating leases, net	−3	−2	1	8	2
Accounts payable	61,000	−6	4	−34	7
Accrued compensation	−2	4	−2	−3	−5
Customer prepayments	−1	693,000	1	−6	5
Accrued rebates and allowances	−97,000	−3	3	−365,000	—
Accrued warranty liabilities	−5	−3	11	7	8
Other accrued liabilities	−5	2	−1	−2	−9
Net cash used in operating activities	−34	−18	−55	−29	−31
Excess restricted cash returned to acquiree	—	—	−826,000	—	—
Sale of property and equipment	464,000	—	—	—	—
Purchase of property and equipment	−8	−7	−14	−35	−54
Investment in intangible assets	−664,000	−286,000	−844,000	−3	−3
Net cash used in investing activities	−8	−8	−16	−35	−57
Proceeds from term loan	—	—	25	—	—
Proceeds from revolving line of credit	—	—	17	—	55
Proceeds from related party loan	39	61	—	—	—
Payments on term loan	—	−25	−25	−18	−2
Payments on revolving line of credit	—	−5	−12	−55	—
Payments for debt issuance costs	−2	−3	−6	−1	—
Proceeds from stock offering	—	—	60	98	—
Payments for stock offering costs	—	—	−3	−5	—
Proportional Representation Preferred Linked Stock redemption fee	—	—	−105,000	—	—
Tax receivable agreement payments	—	—	−269,000	−6	−628,000
Net cash provided by financing activities	37	28	56	13	57
Net increase (decrease) in cash, cash equivalents and restricted cash	−5	2	−15	−50	−31
Cash paid during the year for interest, net of amounts capitalized	153,000	159,000	189,000	3	999,000
Cash paid during the year for income taxes	175,000	317,000	385,000	303,000	5
Property and equipment included in accounts payable	397,000	416,000	3	—	—
Warrants Issued	17	—	—	—	—
Amendment fee added to principal of loan	1	—	—	—	—
Escrow shares cancelled in connection with Intellibed acquisition	—	—	118,000	—	—

Filings

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Frequently asked questions

What is Purple Innovation, Inc.'s CIK number?

Purple Innovation, Inc.'s SEC CIK number is 0001643953 (1643953). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Purple Innovation, Inc.'s SEC filings?

All of Purple Innovation, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Purple Innovation, Inc. last report earnings?

Purple Innovation, Inc. (PRPL) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-048279). This is Purple Innovation, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Purple Innovation, Inc.'s most recent earnings 8-K?

Purple Innovation, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001213900-26-048279. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Purple Innovation, Inc.'s latest earnings 8-K →
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